In deposits and withdrawals, XM promotes zero fees where the XM broker will cover deposit and withdrawal fees via Credit Card and E-Payment. This zero fee will certainly benefit you as a trader.
Various Deposit and Withdrawal Methods
XM has prepared various facilities with a variety of deposit and withdrawal methods. The following are details of the facilities that you can use:
- Credit Card
If you have a Visa, Visa Electron, MasterCard, Maestro, or UnionPay credit card, you can use it for deposits and withdrawals at XM. - E-Payment
E-Payment options at XM vary greatly. You can choose between WebMoney, Skrill, Neteller, FasaPay, and others. - Bank Wire
Bank Wire is transferring funds directly to the bank that XM uses, namely Barclays Bank. This method is relatively time-consuming because transfers between banks in different countries are also quite complex. - MoneyGram and Western Union
You can make deposits via MoneyGram and Western Union, but withdrawals must be made via other facilities. - Local Bank Transfers
If you want to transfer via bank, XM has appointed a number of banks in various countries. In Indonesia, transfers can be made via RBS Indonesia.
Deposit and Withdrawal Times
The time required for deposits and withdrawals at XM varies depending on the method and facilities you use. Deposits via Credit Card and E-Payment can generally be processed instantly, but bank transfers will take around 2-5 working days. Meanwhile, withdrawals that you make using any method will take a maximum of 24 hours.